Italy's Salvini wants tax breaks for Italians investing in debt

Lester Mason
October 11, 2018

French far-right leader Marine Le Pen distanced herself yesterday from former White House strategist Steve Bannon, saying only Europeans will save the continent from diktats from Brussels, not Americans. Italian government bond relents meanwhile edged down from 4 ½ years peak on wishes that Economy Minister Giovanni Tria will hit an ordinary tone when safeguarding the government's budget in parliament.

"I hope no one has prejudice towards this government, or odd intentions", Salvini, who is also head of the ruling far-right League party, said in an interview with RTL 102.5 radio.

"But we, and we alone, are the ones who will shape the political force that is born from the European elections", she said, as Salvini applauded.

In a letter sent to Italy last week, the European Commission said it is concerned of the country's budget deficit plans for the next three years since they breach what the EU asked the country to do in July. "It is the emergence of a Europe of nations", she continued.

The euro has gravitated not to stir in reaction to barbs in Italian bond capitulates activated by evolution in the discourse with investors pronouncing that Rome's disbursement plans will not affect the monetary policy of the European Central Bank.

Conte emphasized the need to secure the rights of European Union citizens living in the United Kingdom - including 700,000 Italians - when Britain leaves the European Union and Italy's interest in future cooperation on security, according to a statement from the Italian government.

Salvini heads the League party, one of the two major parties supporting the government of Prime Minister Giuseppe Conte.

Le Pen and Salvini said they want to help their brand of right-wing populism do well in the May 2019 vote for the European Parliament.

"And we have seen the spreads increase over the past months".

During a press conference, Deputy Premier and Interior Minister Matteo Salvini blamed speculators, referring to a "Soros-like manoeuvre" that has little to do with the real economy.

The government has to send a draft budget to Brussels by 15 October and European Union officials have signaled that their plans for a deficit of 2.4% of GDP next year will put them in breach of European Union rules.

Other reports by Iphone Fresh

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